Happy Presidents Day!
Happy Presidents Day! Let’s take take a moment to recognize the tremendous accomplishments of the last two Democratic presidents.
During the Clinton Presidency, 22 million new jobs were created, unemployment declined from 7% to 4%, median family income rose, and poverty declined to its lowest rate in 20 years. The Clinton budget also converted what was then the largest budget deficit in American history to a projected surplus of $5.6 trillion over the next ten years.
A progressive reform of the Clinton Administration was the Children’s Health Insurance Program. Hillary Clinton worked with Ted Kennedy and Orrin Hatch to provide insurance coverage to more than 8 million children.
Clinton is also hated by the radical right because he is the only president who has ever actually defeated the NRA. In 1994, a Democratic majority Congress passed a 10 year assault weapons ban.
Bush passed onto Obama probably the worst situation any incoming American president had faced since the dark days of the Great Depression in March 1933. When Obama took office, the world economy was in free fall due to the collapse of Wall Street in the fall of 2008. The economy was losing 800,000 jobs per month, GDP had shrunk 8.9% in the fourth quarter of 2008, the banking industry was on the verge of disintegration and the U.S. auto industry hung by a thread.
Since the end of the Bush recession in 2010, the unemployment rate was reduced from 10% to 4.7%. In 2016 alone, the economy added 2.15 million jobs. Moreover, since the end of the Bush recession, the economy added 15.6 million jobs. That was the best record of job creation since Bill Clinton’s second term. In contrast, a net 3 million jobs were added during the eight years of the Bush Administration.
During the Obama Administration, 20 million formerly uninsured Americans obtained insurance. The uninsured rate was reduced from 18% to a record low of 8.6%. Lifetime limits in policies were abolished and insurance companies can no longer discriminate against the sick and the injured.
You’re going to want to save this post for when Trump and his propaganda machine try to rewrite history.